Beam Global Q3 revenue misses estimates

Beam Global

14/11/2025 21:42

Overview

Beam Global Q3 revenue fell 50% yr/yr, missing analyst expectations

Net loss for Q3 missed analyst estimates

Company expanded into Middle East with new joint venture

Outlook

Beam Global anticipates growth from Middle East expansion due to $1 trillion infrastructure investment, in the next decade

Company expects revenue growth from increased product portfolio and geographic footprint

Beam Global sees opportunities in autonomous vehicle and drone charging markets

Result Drivers

BEAMBIKE DEMAND - Successful deployment of BeamBike in the U.S. and Abu Dhabi highlights potential for recurring revenue in the electric bicycle market

ORDER TIMING IMPACT - Revenue decline attributed to unfavorable order timing, with expectations to execute on delayed orders in the near future

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$5.79 mln
$8.45 mln (5 Analysts)
Q3 Net Income
Miss
-$4.87 mln
-$4.22 mln (4 Analysts)
Q3 Basic EPS
-$0.28
Q3 Income From Operations
-$4.87 mln
Q3 Operating Expenses
$4.84 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the renewable energy equipment & services peer group is "buy"

Wall Street's median 12-month price target for Beam Global is $3.50, about 48.3% above its November 13 closing price of $1.81

Press Release: ID:nGNX615x2C

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)